Financial Inclusion, Youth and the Future of Banking THISDAYLIVE: Nigeria children youth financialinclusion banking economy
The COVID-19 pandemic may have disrupted global systems across trade, finance, health, and education, over the last three years, but for financial inclusion, it was a significant growth enabler, which accelerated the adoption of digital payments and online banking, amidst the global expansion of formal financial services.
In Nigeria, The Central Bank aims to achieve 96% rate of financial inclusion in the country by the end of 2024. Presently, the progress rate stands at 64 percent as recently revealed by the Deputy Governor of the CBN, Aisha Ahmad.
The growing demand for exciting digital banking experiences from millennials and 'Gen Zers' is transforming how the entire banking industry operates. This shows an increase in the consideration of diverse customer desires to access financial services from digital channels, leading to a surge in new banking technologies that are reconceptualizing the banking industry.
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